On Apr.18th 2013 Jiangsu High Precision Bearing Ltd held a Launch ceremony in Yangzhou city . Jiangsu High Precision Bearing Ltd was a joint venture enterprise invested by Guangxi Liugong Group Co.Ltd. and Luoyang LYC bearing Co. Ltd. together. It specialized in the production of various types of slewing bearings for construction machinery.
The slewing bearing project of this company covers an area of about 100 mu and total construction area is about 35000 square meters. Registered capital is CNY 200 million. After the project was completed the annual sales revenue will be about CNY 1 billion.
At present No.1 work shop R&D building complex building has been finished as the first phase the building area is about 21000 square meters the installation of 88 sets of the most advanced CNC equipment has been completed.
After High Precision company put into production it will take it as its own duty to build the most advanced slewing bearing production base and will focus on the development and production of large size slewing bearings for high- end customers of construction machinery precision bearings for the new energy industry such as large-scale solar power generation equipments etc and precision bearing with high reliability high technology content and high value-added matched with high-end equipment industry such as ocean engineering etc.

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